The Banque de France Governor was interview in Les Echos:
- No current reason for rate hike; inflation expectations below 2%
- excess FX volatility is dangerous
- real problem not EUR/USD rate; currencies of rising trade powers (China) need to strengthen relative to USD and EUR
- EUR not particularly strong versus JPY, CHF, CAD, AUD
- 2010 growth slightly above 1% next year in both France and Eurozone.